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Simon, Theodore, and Alvin decide to liquidate their partnership. The partnership agreement provides for profit/(loss) to be allocated on a 45:30:20 ratio. Below is the
Simon, Theodore, and Alvin decide to liquidate their partnership. The partnership agreement provides for profit/(loss) to be allocated on a 45:30:20 ratio. Below is the trial balance immediately prior to the liquidation. Referring to the information above, if the non-cash assets were sold for $198,000 and all liabilities and loans were paid in full, what would be the dollar amount distributed to Alvin? Simon, Theodore, and Alvin decide to liquidate their partnership. The partnership agreement provides for profit/(loss) to be allocated on a 45:30:20 ratio. Below is the trial balance immediately prior to the liquidation. Referring to the information above, if the non-cash assets were sold for $198,000 and all liabilities and loans were paid in full, what would be the dollar amount distributed to Alvin
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